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HCF Councillors

What is a ‘Councillor’?

Councillors play an important role within our governance framework. The eligibility criteria, term of office, along with the role and responsibilities are set out in the HCF Constitution and Councillor Charter. There are two types of Councillors:

Role of Councillors

the organisation is professionally governed and managed for the benefit of all policyholders; and

the Board is held to account for its leadership and management.

As the Members of the Company for the purposes of the Corporations Act 2001 (Cth), Councillors also exercise powers that either the Act or the Constitution require are reserved for a general meeting. These include:

As HCF is a company limited by guarantee, in the event it is wound up each Councillor undertakes to contribute up to $2 towards the property of the Company where required.

The Constitution prohibits the distribution of any property or profit of the Company to Councillors and requires that all surplus upon winding-up is given or transferred to a person or entity with similar objects to that of HCF.